TRG | The Bottom Line – 9/17

TRG kicked off our Top Ideas virtual NDR Series at the start of September, with the intention of providing access to the top management teams of our most compelling stock ideas: APG, FERG, WSC and CNM. As part of this series, TRG this week published a thought piece highlighting our top stock ideas  – “TRG’s Best Ideas vNDR Series: Highlighting Best Ideas In The Home Stretch of 2021.” Key attributes for our top four stock ideas included 1) beneficiary of growing U.S. residential and commercial demand (new and R&R); 2) opportunity quietly to consolidate fragmented industries; 3) superior cash flows; 4) sticky pricing/pricing power; 5) asset-light models and 6) products/services that have some sort of non-discretionary/mandated characteristics. All companies highlighted are beneficiaries of the critical secular changes in the wake of COVID-19. We had the opportunity to highlight these ideas this week on CNBC – check it out (click here for link)!